In economics perspective, microfinance deals with finance as well as economics of small or single businesses while macroeconomics deals with finance as well as economics of very large entities and more often the markets as well as economics of large areas like the whole world or…
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However in nursing perspective, microfinance is the financial aid or assistance given to individuals towards their medical cover while macro-finance is the financial aid given to the whole group towards their medical cover. Microfinance concept is, therefore, an individual financial program while macro-finance concept is a group financial program. Microfinance can be tailored to meet the needs of a specific individual (Paterson & Telyukov, 2014).
A practical application of macro-finance is government-sponsored programs aimed at helping cover healthcare costs, for instance Medicare which is health insurance program for all American citizens aged 65 or older as well as people with certain disabilities (Beik, 2013). Medicaid, on the other hand, is a program that is aimed at helping the poor or low-income individuals, as well as families, pay for the costs that are associated with long-term custodial and medical care.
A practical application for microfinance is private insurance. Here, plans are often tailored to meet the needs of different individuals or offer specific benefits to customers thus enabling them to reduce coverage costs (Beik, 2013). In the case, such individual goes for out-of-pocket medical expenses; they are reimbursed by Health Reimbursement Arrangements (HRAs). In addition, individual health insurance premiums are also
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This means, buying the inventory directly from the manufacturer and then distributing it to various outlets in the city at a margin. The business therefore plays an intermediary role by providing a channel for distributing the manufacturer’s products to the consumers.
The concerned report explains the dynamics of the Demand and Supply theory of a product, the market structure in which the company exists and the elasticity of its products. The report has been divided into two major sections, analyzing the impacts produced on Micro and Macro economy of a company and its market.
The company has been propelled to greater heights by the good managing performances, which have consequently enabled it to develop to what it is today. In addition, the British Airlines Company is one of the best companies in the aviation industry. It is now a dominant player in the aviation industry, having managed to withstand competition from other airlines, especially the low cost airlines.
Women have always been represented as the fragile and the virtuous in most of the classical literary works. Be it a novel, poem or any other form of literary work, women are praised for their beauty, gentleness and sacrifice. Very few works have represented women with their intellect and follies without any exaggeration.
Researches shows that though there are concerns through government efforts and its agencies, devoted non-profit organization, and various forms of media, the realism and repulsion of trafficking in persons and smuggling is at an alarming rate and the extent of the problem is disheartening; to some degree footprints of slavery is left in most countries.
Microeconomics is the study of individual household’s behavior and decision making of firms on the distribution of limited resources. It can be simplified by saying that microeconomic is the study of markets. (Fogiel )
On the other hand
The author states that macroeconomics and microeconomics, a pair of terms coined by Ragnar Frisch, are the two most general fields in economics. In contrast to macroeconomics, microeconomics is the branch of economics that studies the behavior of individuals and firms in making decisions and the interactions among them in narrowly-defined markets.
For instance, there is a relationship between high-income levels and good health whereby high incomes can lead to good health and at the same time good health can enable a person to work hard to increase
On the other hand, the meaning of nonmaleficence implies providing no harm to anyone during the treatment procedure. In the context of medical treatment, the process of beneficence denotes taking effective actions towards serving the best interests of the patients (Kimberly, 2012).
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